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HYEM
VanEck Vectors Emerging Markets High Yield Bond UCITS ETF

Fund Description

The VanEck Vectors Emerging Markets High Yield Bond UCITS ETF invests in USD-denominated high-yield corporate bonds from emerging markets.

  • Historically lower default rate compared to US high-yield bonds
  • Potential for higher returns than with US high-yield bonds



Underlying Index

ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index

Fund Details
 

  • Fund Ticker

    HYEM
  • Management Company

    VanEck Investments Ltd
  • Custodian

    State Street Custodial Services (Ireland) Limited
  • Domicile

    Ireland
  • UCITS Compliant

    YES
  • Index Ticker

    EMLH
  • Index Provider

    ICE Data Indices, LLC
  • Rebalance Frequency

    Monthly
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 20 Nov 2020

  • NAV1

    115.49
  • Shares Outstanding

    202,000
  • Number of Holdings

    242
  • Base Currency

    USD
  • Net Assets

    $23.3M
  • Product Structure

    Physical (Optimized)
  • Distribution Frequency

    None
  • Income Treatment

    Reinvestment
  • Total Expense Ratio

    0.40%
  • Fact Sheet
  • ETF Product List

Fundamentals3
as of 19 Nov 2020

  • Yield to Worst

    5.30%
  • Yield to Maturity

    5.60%
  • Effective Duration (yrs)

    3.29
  • Years to Maturity

    5.23
  • Modified Duration (yrs)

    3.81
  • Coupon

    6.16%
3These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

Trading Information as of 20 Nov 2020

London
Stock Exchange
USD
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL BF3W0R4
Bloomberg HYEM LN
Reuters (RIC) HYEM.L
Telekurs 40992308
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency USD
Last Traded Price 115.16
Day's Move 0.17
Volume 0
30 Day Volume 424
VWAP Volume 0
London
Stock Exchange
GBP
Exchange Ticker HYGB
ISIN IE00BF541080
SEDOL BF3W0S5
Bloomberg HYGB LN
Reuters (RIC) HYGB.L
Telekurs 40992308
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency GBP
Last Traded Price 86.69
Day's Move -0.28
Volume 0
30 Day Volume 167
VWAP Volume 0
Deutsche
Börse
EUR
Exchange Ticker HY3M
ISIN IE00BF541080
SEDOL --
Bloomberg HY3M GY
Reuters (RIC) HY3M.DE
Telekurs 40992308
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=SOLA
WKN A2JEMH
Trading Currency EUR
Last Traded Price 97.15
Day's Move 0.10
Volume 0
30 Day Volume 197
VWAP Volume 0
SIX
Swiss Exchange
CHF
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL --
Bloomberg HYEM SE
Reuters (RIC) HYEM.S
Telekurs 40992308
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency CHF
Last Traded Price 105.26
Day's Move 0.00
Volume 0
30 Day Volume 100
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL --
Bloomberg HYEM IM
Reuters (RIC) HYEM.MI
Telekurs 40992308
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=SOLA
WKN A2JEMH
Trading Currency EUR
Last Traded Price 97.03
Day's Move 0.04
Volume 0
30 Day Volume 446
VWAP Volume 0

NAVs as of 20 Nov 2020

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
HYEM USD $115.49 $0.17 / +0.15% +3.68%
0.40

Performance History: Average Annual Total Returns* (%)

Month End as of 31 Oct 2020 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.14 0.40 0.57 3.31 -- -- -- 4.43
EMLH (Index) 0.18 0.94 -0.08 2.58 2.94 6.08 -- 3.69
Performance Differential (NAV - Index) -0.04 -0.54 0.65 0.73 -- -- -- 0.74
Quarter End as of 30 Sep 2020 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -1.40 2.72 0.42 4.43 -- -- -- 4.53
EMLH (Index) -1.16 3.18 -0.26 3.96 3.10 6.86 -- 3.74
Performance Differential (NAV - Index) -0.24 -0.46 0.68 0.47 -- -- -- 0.79

Top 10 Holdings (%) as of 31 Oct 2020 View All Holdings »

Total Holdings: 243
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
SOUTHERN GAS CORRIDOR CJSC
6.875
24 Mar 2026
BB
Azerbaijan
USD
1.2704
AZURE POWER SOLAR ENERGY PVT LTD
5.650
24 Dec 2024
BB
Canada
USD
0.9504
AGILE GROUP HOLDINGS LTD
8.375
04 Dec 2169
BB-
China
USD
0.9485
KWG GROUP HOLDINGS LTD
7.875
01 Sep 2023
BB-
China
USD
0.9411
MUMTALAKAT SUKUK HOLDING CO
5.625
27 Feb 2024
B+
Bahrain
USD
0.9407
CIFI HOLDINGS GROUP CO LTD
6.550
28 Mar 2024
BB-
China
USD
0.9403
CEMEX SAB DE CV
7.750
16 Apr 2026
BB-
Mexico
USD
0.9395
DP WORLD SALAAM
6.000
01 Jul 2169
BB
Uae
USD
0.9379
ABJA INVESTMENT CO PTE LTD
5.950
31 Jul 2024
B+
India
USD
0.9368
FORTUNE STAR BVI LTD
6.750
02 Jul 2023
BB
China
USD
0.9353
Top 10 Total (%) 9.75
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Oct 2020

  • Country

    % of Net Assets
  • China

    14.07
  • Brazil

    9.36
  • Mexico

    7.30
  • Turkey

    6.96
  • Russia

    6.23
  • India

    5.97
  • South Africa

    3.95
  • Israel

    3.85
  • Colombia

    3.70
  • Argentina

    3.61
  • Uae

    2.78
  • Indonesia

    2.64
  • United States

    2.52
  • Kazakhstan

    2.05
  • Ukraine

    1.80
  • Zambia

    1.78
  • Bahrain

    1.65
  • Azerbaijan

    1.60
  • Peru

    1.29
  • Spain

    1.09
  • Singapore

    1.04
  • Morocco

    0.96
  • Canada

    0.95
  • Vietnam

    0.92
  • Kuwait

    0.92
  • Thailand

    0.87
  • Saudi Arabia

    0.86
  • Oman

    0.85
  • Chile

    0.83
  • Tanzania

    0.65
  • Bermuda

    0.58
  • Ghana

    0.51
  • Cyprus

    0.50
  • Croatia

    0.48
  • Virgin Islands

    0.48
  • Georgia

    0.47
  • Mauritius

    0.46
  • Nigeria

    0.46
  • Sweden

    0.41
  • Costa Rica

    0.38
  • Guatemala

    0.28
  • Qatar

    0.27
  • Trinidad And Tobago

    0.25
  • South Korea

    0.23
  • Panama

    0.23
  • Switzerland

    0.21
  • Netherlands

    0.21
  • Other/Cash

    0.52

Currency Exposure (%)
as of 31 Oct 2020

  • U.S. Dollar

    99.48
  • Other/Cash

    0.52

Sector Weightings (%) as of 31 Oct 2020

  • Sector

    % of Net Assets
  • Financial

    32.6
  • Energy

    18.4
  • Basic Materials

    13.1
  • Consumer, Non-cyclical

    9.0
  • Industrial

    6.6
  • Communications

    6.2
  • Utilities

    5.8
  • Consumer, Cyclical

    4.4
  • Diversified

    1.9
  • Government

    1.4
  • Other/Cash

    0.5

Credit Quality (%) as of 31 Oct 2020

Composite % of Net Assets
Investment Grade BBB 1.14
Non-Investment Grade BB 64.22
B 24.87
CCC 9.21
CC 0.27
Total Investment Grade -- 1.14
Total Non-Investment Grade -- 98.57
Not Rated -- 0.22
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 31 Oct 2020

 Average Maturity: 6.66 Years

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Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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